Posts Tagged: Cryptocurrency Wallet

A cryptocurrency wallet is vital to the use of digital monies. One is required for any and all transactions, and the security they provide protects user’s financial information. As cryptocurrency is still a developing technology the decision in what wallet to use can be daunting. There are a wide variety of choices, and each has a different function. Here is everything one needs to know to make an informed decision on the type of wallet to use.

Currency Compatibility

Cryptowallets can be designed for multi- or single use. Most investors in the cryptocurrency market keep to one type of digital coinage. Bitcoin is the popular kid on that block. Single use wallets function as a place to store a specific type of currency. This means if you deal in bitcoin you have a specifically designated wallet for bitcoin. This wallet will not hold anything else. Multi-use wallets can store more … Read More

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